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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

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Market movers: Chevron, Walgreens, Atlassian, OPT...

Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) announced that its subsidiary Hivello, a platform that allows users to earn passive income by exchanging their unused computing power, has began a public token sale event for its native token $HVLO.

The $HVLO token sale will be hosted on three prominent launchpads: DAOMaker, HyperGPT, and EclipsePad.

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Chevron Corporation (NYSE:CVX, ETR:CHV) shares fell 3.6% on Friday morning following the release of its fourth-quarter 2024 earnings report, which revealed a decline in profits and the company's first refining loss in four years.

The energy giant reported an adjusted earnings per share (EPS) of $2.06, falling short of analysts' expectations of $2.11 and marking a 40% decrease from the same period last year.

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Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it had secured an initial $2 million in purchase orders from Latin America for its Next Generation PowerBuoys.

The PowerBuoys, which generate energy through a combination of wave, solar, and wind power, are designed for long-term deployment in coastal and deep ocean environments.

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Walgreens Boots Alliance Inc (NASDAQ:WBA, ETR:W8A) (WBA) shares tumbled more than 12% after the pharmacy chain announced the suspension of its quarterly cash dividend in a bid to conserve cash amid financial pressures.

The company faces a lawsuit from the US Department of Justice which accuses it of dispensing millions of unlawful prescriptions and needs to refinance its debt.

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Atlassian (NASDAQ:TEAM) surged 17% on Friday after the collaboration software company reported stronger-than-expected quarterly earnings and revenue, with subscription growth exceeding analyst expectations.

For its fiscal second quarter, Atlassian posted earnings per share of $0.96, beating Wall Street estimates of $0.62 by $0.34.

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Abbvie Inc (NYSE:ABBV) shares surged after the company posted a positive financial report for the fourth quarter, with sales growth of newer drugs offsetting a steep decline in Humira revenue.

Earnings per share of $2.16 topped estimates of $2.13, but marked a decline from $2.79 in the year-ago quarter.

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Shares in Metals One (LSE:MET1) fell 50% in early trading after the company announced a fundraising plan that includes a £5 million equity issue and a convertible loan.

The financing aims to support its mineral projects in Finland and Norway while providing working capital.

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The Markets
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